Transport companies sound alarm on skyrocketing fuel prices amid Iran war
Diesel prices have surged more than 70% from a year ago, which analysts attribute to the supply shock from the U.S. war with Iran.
BRICS nations urge ‘restraint’ in Middle East and smooth flow of global trade
The BRICS group of nations has unanimously adopted a joint declaration, calling for calm in the Middle East and stressing the need to work together to maintain the smooth flow of global trade, supply chains and energy.
US prices remain high as fuel costs squeeze households
Prices in the US rose by 3.4 percent in the year to August, with the cost of living pushed up by higher gasoline prices, official figures show.
Zimbabwe H1 fuel consumption rises 14.5% on strong diesel demand
Zimbabwe’s fuel consumption rose by 14.5 percent in the first half of 2026, driven mostly by higher diesel demand.
Six months into the Iran war: Markets become accustomed to stalemate with no end in sight
Friday marks six months since the U.S. and Israel launched “major combat operations” in Iran, prompting retaliatory strikes on targets across the Gulf and sparking a new war in the Middle East.
Rand and JSE jump on US Treasury bond buyback
South Africa’s rand and the JSE’s All Share Index (Alsi) jumped 1% and over 2.4%, respectively, on Thursday, after the US dollar tumbled in the wake of the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.
Trump announces ‘economic warfare’ on Iran, threatens ‘tremendous’ consequences for its backers
President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country” against Iran, threatening severe financial penalties on any nation that helps Tehran evade sanctions.
CAFCA reports 36% surge in raw material costs on global supply shocks
Cable maker CAFCA has reported a 36 percent surge in raw material costs year-to-date driven by global supply chain shocks.
Exxon made $160 million per day in last quarter as oil prices surged
ExxonMobil raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the Russia-Ukraine war. Broken down, Exxon made about $160 million per day last quarter.
Oil drops over 5pct as Middle East tensions ebb on diplomatic efforts
Oil prices fell Monday in Asia trading as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.